{"id":"https://openalex.org/W2030769797","doi":"https://doi.org/10.1109/isgteurope.2011.6163619","title":"Multi-temporal risk minimization of adaptive load management in electricity spot markets","display_name":"Multi-temporal risk minimization of adaptive load management in electricity spot markets","publication_year":2011,"publication_date":"2011-12-01","ids":{"openalex":"https://openalex.org/W2030769797","doi":"https://doi.org/10.1109/isgteurope.2011.6163619","mag":"2030769797"},"language":"en","primary_location":{"id":"doi:10.1109/isgteurope.2011.6163619","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isgteurope.2011.6163619","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2011 2nd IEEE PES International Conference and Exhibition on Innovative Smart Grid Technologies","raw_type":"proceedings-article"},"type":"conference-paper","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5112398876","display_name":"Jhi\u2010Young Joo","orcid":"https://orcid.org/0009-0008-5989-843X"},"institutions":[{"id":"https://openalex.org/I74973139","display_name":"Carnegie Mellon University","ror":"https://ror.org/05x2bcf33","country_code":"US","type":"education","lineage":["https://openalex.org/I74973139"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jhi-Young Joo","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania","Department of Electrical and Computer Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania, 15213, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania","institution_ids":["https://openalex.org/I74973139"]},{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania, 15213, USA","institution_ids":["https://openalex.org/I74973139"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5101598580","display_name":"Marija Ili\u0107","orcid":"https://orcid.org/0000-0002-6835-197X"},"institutions":[{"id":"https://openalex.org/I74973139","display_name":"Carnegie Mellon University","ror":"https://ror.org/05x2bcf33","country_code":"US","type":"education","lineage":["https://openalex.org/I74973139"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Marija Ilic","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania","Department of Electrical and Computer Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania, 15213, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania","institution_ids":["https://openalex.org/I74973139"]},{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania, 15213, USA","institution_ids":["https://openalex.org/I74973139"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I74973139"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":7,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"7"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9987999796867371,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11052","display_name":"Energy Load and Power Forecasting","score":0.9926000237464905,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/spot-market","display_name":"Spot market","score":0.7383760213851929},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6014454364776611},{"id":"https://openalex.org/keywords/minification","display_name":"Minification","score":0.6001952290534973},{"id":"https://openalex.org/keywords/risk-management","display_name":"Risk management","score":0.5951095223426819},{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.5500999689102173},{"id":"https://openalex.org/keywords/spot-contract","display_name":"Spot contract","score":0.5339049100875854},{"id":"https://openalex.org/keywords/adaptability","display_name":"Adaptability","score":0.5276495218276978},{"id":"https://openalex.org/keywords/purchasing","display_name":"Purchasing","score":0.4973774254322052},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.49041152000427246},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.4772072434425354},{"id":"https://openalex.org/keywords/demand-response","display_name":"Demand response","score":0.464286208152771},{"id":"https://openalex.org/keywords/load-management","display_name":"Load management","score":0.44971713423728943},{"id":"https://openalex.org/keywords/forward-contract","display_name":"Forward contract","score":0.4461119771003723},{"id":"https://openalex.org/keywords/operations-research","display_name":"Operations research","score":0.3562988042831421},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.3264699876308441},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.21800678968429565},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.19534572958946228},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.1835087239742279},{"id":"https://openalex.org/keywords/operations-management","display_name":"Operations management","score":0.18122965097427368},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.13655441999435425},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.10033971071243286}],"concepts":[{"id":"https://openalex.org/C2776789725","wikidata":"https://www.wikidata.org/wiki/Q1572221","display_name":"Spot market","level":3,"score":0.7383760213851929},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6014454364776611},{"id":"https://openalex.org/C147764199","wikidata":"https://www.wikidata.org/wiki/Q6865248","display_name":"Minification","level":2,"score":0.6001952290534973},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.5951095223426819},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.5500999689102173},{"id":"https://openalex.org/C175223733","wikidata":"https://www.wikidata.org/wiki/Q1047888","display_name":"Spot contract","level":3,"score":0.5339049100875854},{"id":"https://openalex.org/C177606310","wikidata":"https://www.wikidata.org/wiki/Q5674297","display_name":"Adaptability","level":2,"score":0.5276495218276978},{"id":"https://openalex.org/C2778813691","wikidata":"https://www.wikidata.org/wiki/Q1369832","display_name":"Purchasing","level":2,"score":0.4973774254322052},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.49041152000427246},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.4772072434425354},{"id":"https://openalex.org/C2779438525","wikidata":"https://www.wikidata.org/wiki/Q5255048","display_name":"Demand response","level":3,"score":0.464286208152771},{"id":"https://openalex.org/C2779370713","wikidata":"https://www.wikidata.org/wiki/Q357554","display_name":"Load management","level":2,"score":0.44971713423728943},{"id":"https://openalex.org/C38904191","wikidata":"https://www.wikidata.org/wiki/Q744762","display_name":"Forward contract","level":3,"score":0.4461119771003723},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.3562988042831421},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.3264699876308441},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.21800678968429565},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.19534572958946228},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.1835087239742279},{"id":"https://openalex.org/C21547014","wikidata":"https://www.wikidata.org/wiki/Q1423657","display_name":"Operations management","level":1,"score":0.18122965097427368},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.13655441999435425},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.10033971071243286},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/isgteurope.2011.6163619","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isgteurope.2011.6163619","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2011 2nd IEEE PES International Conference and Exhibition on Innovative Smart Grid Technologies","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.6000000238418579,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":9,"referenced_works":["https://openalex.org/W1502709713","https://openalex.org/W2002316308","https://openalex.org/W2002317747","https://openalex.org/W2038393175","https://openalex.org/W2114432065","https://openalex.org/W2143379948","https://openalex.org/W2163932646","https://openalex.org/W2296319761","https://openalex.org/W4250589301"],"related_works":["https://openalex.org/W2155730455","https://openalex.org/W2029612111","https://openalex.org/W3124419189","https://openalex.org/W1993495500","https://openalex.org/W2167093630","https://openalex.org/W1995842283","https://openalex.org/W2086784031","https://openalex.org/W3124712268","https://openalex.org/W1508576965","https://openalex.org/W3121464938"],"abstract_inverted_index":{"Adaptive":[0],"load":[1],"management":[2],"(ALM)":[3],"is":[4,145,202],"a":[5,46,49,78,93,105,121,178,180,203],"new":[6,106],"way":[7],"to":[8,192,239,247],"balance":[9],"power":[10],"supply":[11,53],"and":[12,23,35,54,80,97,135,173,183,212,236],"demand":[13,56],"by":[14,27,36,74,92],"capturing":[15],"the":[16,25,29,52,55,65,68,87,113,116,128,149,166,208,214,232,242,245,248],"economic":[17],"value":[18],"each":[19],"market":[20,33,83,124],"participant":[21],"sees,":[22],"finds":[24],"optimum":[26],"iterating":[28],"information":[30,234],"between":[31,51,131,206],"various":[32],"layers":[34],"adjusting":[37],"their":[38],"transactions":[39],"accordingly.":[40],"Load":[41],"serving":[42],"entities":[43],"(LSEs)":[44],"play":[45],"role":[47],"as":[48],"mediator":[50],"in":[57,120,148,221,228],"this":[58,61,186],"framework.":[59],"In":[60],"paper,":[62],"we":[63],"discuss":[64],"aspect":[66],"of":[67,71,99,185,210,216,244],"risk":[69,114,188,196,209,220],"minimization":[70,189,194],"an":[72,100,217],"LSE":[73],"purchasing":[75],"electricity":[76],"at":[77,115],"volatile":[79,249],"risky":[81],"spot":[82,123,137,167],"price,":[84],"while":[85],"meeting":[86],"end-users'":[88],"energy":[89],"needs":[90],"represented":[91],"state":[94],"space":[95],"model":[96],"constraints":[98],"optimization":[101],"problem.":[102],"We":[103,175,198],"propose":[104],"concept":[107,144],"that":[108,151,200],"looks":[109],"not":[110],"only":[111],"into":[112,127],"independent":[117],"time":[118,133,163,171,223],"steps":[119,134],"single":[122],"but":[125],"also":[126,146],"correlated":[129],"risks":[130],"different":[132,136,156,162,170,222,229],"markets,":[138],"using":[139],"Markowitz":[140],"optimization.":[141],"The":[142],"proposed":[143],"novel":[147],"sense":[150],"it":[152],"deploys":[153],"loads":[154,246],"with":[155,161,169,231],"physical":[157],"characteristics":[158],"(or":[159],"storage":[160],"constants)":[164],"for":[165],"markets":[168],"scales":[172,224],"intervals.":[174],"show":[176],"through":[177],"simulation":[179],"possible":[181],"benefit":[182],"drawback":[184],"LSE's":[187],"framework":[190],"compared":[191],"cost":[193],"without":[195],"management.":[197],"conclude":[199],"there":[201],"clear":[204],"tradeoff":[205],"minimizing":[207],"uncertainty":[211],"maximizing":[213],"profit":[215],"LSE.":[218],"Also,":[219],"should":[225],"be":[226],"managed":[227],"ways":[230],"right":[233],"exchange":[235],"technology":[237],"infrastructure":[238],"fully":[240],"utilize":[241],"adaptability":[243],"price":[250],"signal.":[251]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-07-14T23:27:15.235271","created_date":"2025-10-10T00:00:00"}